Bargain Booze, 5 Spur Road Cosham, Portsmouth, United Kingdom, PO6 3DY

A well presented end of terrace lock-up store, currently operating as a profitable off licence that is free of trading ties and could offer a wider range of stock which will help increase trade and revenue. This is a great opportunity for a new owner to take on an established business and make the changes they see fit. The business also benefits from a prominent position getting lots of passing traffic and footfall on a daily basis.

The property is situated on a busy arterial road in a well populated residential area, just a short walk from Cosham train station and a busy highstreet.

Cosham is a large and busy suburb of Portsmouth with lots of residential properties and some keys roads offering passing trade. It is well situated just off the M27 and a short drive from Portsea island which attracts lots of shoppers to the Spinnaker tower, Portsmouth harbour and Gunwharf Quays shopping centre.

The recently refitted till is located directly on the right as you walk into the shop with the lottery stand, vapes and impulse purchase items present.

Throughout the whole shop there are 4, 5 or 6 shelves worth of stock, offering beer, spirits and wine, amongst other alcoholic drinks and confectionary.

There is also a storage room to the rear of the shop and a WC.

We are advised that the majority of fixtures and fittings are owned outright. An inventory is available on request.

There is a busy sidewalk with lots of passing buyers out the front and a public car park over the road.

The shop has lots of advertising space in the window to display any current offers or advertise popular items that they have in store.

This business offers a great opportunity for someone seeking an attractively priced and well established business on a busy parade of shops adjecent and a large amount residential property around.

The store currently benefits from Bargain Booze affiliation, but no trading ties offering the opportunity to rebrand if desired.

The business is currently run by 1 full time member of staff and 2 additional part time staff members.

We are advised the store trades at around £5,000 per week

Financial Accounts Year Ending 30/04/2023
Turnover £260,776
Gross Profit £77,501
Adjusted Net Profit c£40,000

Monday to Saturday: 10.00am-11.00pm
Sunday: 10.00am-10.30pm

We are offering the assignment of this 15 year lease from 10/08/2016 with a rent of £10,000 per annum

The business currently qualifies for full small business rates relief, meaning nothing was payable in the last accounting year.